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DALIT CAPITALISM

What is Dalit Capitalism? Dalit capitalism refers to the promotion of Dalit entrepreneurship, ownership of capital, and participation in markets to achieve dignity and social mobility. It is strongly advocated by organisations like Dalit Indian Chamber of Commerce and Industry (DICCI), which encourages Dalits to become job creators rather than job seekers. To What Extent Is Dalit Capitalism a Panacea for Dalit Emancipation? Positive Contributions Economic autonomy: Ownership of enterprises reduces dependence on caste-based occupations and welfare. Social dignity: Market success challenges traditional notions of ritual hierarchy. Internal empowerment: Creation of a Dalit entrepreneurial class enhances confidence and leadership within the community. Multiplier effect: Dalit enterprises generate employment, often benefiting fellow Dalits. Example: Dalit MSMEs accessing public procurement through schemes like Stand-Up India. Critical Limitations (Core of the Answer) Limited reach: Entrepreneurship benefits only a small, educated elite; the majority of Dalits lack capital, skills, and networks. Structural caste barriers: Markets are not caste-neutral—discrimination in credit access, supply chains, and informal markets persists. Cannot replace state intervention: It does not address landlessness, poor education, or social violence faced by most Dalits. Risk of depoliticisation: Over-emphasis on markets may weaken collective struggle for social justice and constitutional safeguards. Conclusion Dalit capitalism is a useful supplement but not a panacea for Dalit emancipation. While it empowers a section economically and symbolically challenges caste hierarchies, structural inequalities rooted in caste require state action, affirmative action, and social reform. True emancipation lies in a synergy of economic empowerment, social justice, and legal protection, not in market forces alone.